Oil prices climb as Iran signals Strait of Hormuz will stay closed
Oil prices have risen following signals from Iran regarding the Strait of Hormuz amid ongoing tensions with the United States. The report provides historical context on how previous U.S. administrations, including Jimmy Carter's, handled diplomatic conflicts and asset freezes with Iran.
Why it matters
Geopolitical tensions in the Middle East directly impact global energy markets and oil supply chains.
Link Copied! A look at previous US presidents' dealings with Iran By Catherine Nicholls President Donald Trump said yesterday the US is “low-keying” negotiations with Iran , signaling an emphasis on increasing economic pressure on the country.
Trump is the latest American president to come up against a hardline Iranian regime, with the conflict now in its sixth month.
Here’s a look at how some of Trump’s predecessors interacted with Tehran:
President Carter announces at the White House, on April 7 1980, that he has broken diplomatic relations with the government of Iran because of the "illegal and outrageous holding" of 50 US hostages in Tehran. Bettmann Archive/Getty Images Almost two years after becoming president, Carter faced the Iran hostage crisis after 90 people, including 66 Americans, were taken hostage when the US embassy in Tehran was seized following the Iranian Revolution .
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